Q2 EPS Estimates for Macy's Cut by Telsey Advisory Group

Macy's, Inc. (NYSE:M - Free Report) - Equities researchers at Telsey Advisory Group reduced their Q2 2026 earnings per share (EPS) estimates for shares of Macy's in a research note issued on Thursday, May 29th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.29. Telsey Advisory Group has a "Market Perform" rating and a $14.00 price target on the stock. The consensus estimate for Macy's' current full-year earnings is $2.39 per share. Telsey Advisory Group also issued estimates for Macy's' Q4 2026 earnings at $1.64 EPS, FY2026 earnings at $1.90 EPS, Q4 2027 earnings at $1.77 EPS and FY2027 earnings at $1.96 EPS.

Several other analysts also recently issued reports on the company. Benchmark raised Macy's to a "strong-buy" rating in a research note on Monday, February 3rd. UBS Group cut their price target on Macy's from $9.00 to $8.00 and set a "sell" rating for the company in a report on Friday, March 7th. Cowen restated a "hold" rating on shares of Macy's in a report on Friday, March 7th. Gordon Haskett cut Macy's from an "accumulate" rating to a "hold" rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their price target on Macy's from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $13.20.

Macy's Price Performance

M traded down $0.06 on Friday, hitting $11.88. 8,401,442 shares of the company's stock traded hands, compared to its average volume of 6,451,257. The company's 50 day simple moving average is $11.69 and its 200-day simple moving average is $14.03. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 20.14 and a beta of 1.77. Macy's has a one year low of $9.76 and a one year high of $20.47. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67.

Macy's (NYSE:M - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.38 billion. Macy's had a return on equity of 21.99% and a net margin of 0.73%. The firm's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS.

Macy's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date is Friday, June 13th. Macy's's dividend payout ratio (DPR) is 37.06%.

Insider Transactions at Macy's

In other news, CEO Antony Spring sold 20,868 shares of Macy's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $12.68, for a total value of $264,606.24. Following the completion of the transaction, the chief executive officer now owns 321,244 shares in the company, valued at approximately $4,073,373.92. The trade was a 6.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adrian V. Mitchell sold 5,122 shares of Macy's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $12.77, for a total value of $65,407.94. Following the completion of the transaction, the executive vice president now owns 130,491 shares of the company's stock, valued at approximately $1,666,370.07. This trade represents a 3.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,751 shares of company stock worth $537,790. 1.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Macy's

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Macy's by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,964,002 shares of the company's stock valued at $200,510,000 after purchasing an additional 212,791 shares in the last quarter. American Century Companies Inc. raised its position in Macy's by 21.9% during the 1st quarter. American Century Companies Inc. now owns 8,699,534 shares of the company's stock valued at $109,266,000 after purchasing an additional 1,562,402 shares in the last quarter. Cooper Creek Partners Management LLC raised its position in Macy's by 26.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 7,838,240 shares of the company's stock valued at $132,701,000 after purchasing an additional 1,627,572 shares in the last quarter. FMR LLC raised its position in Macy's by 59.9% during the 4th quarter. FMR LLC now owns 7,503,742 shares of the company's stock valued at $127,038,000 after purchasing an additional 2,812,151 shares in the last quarter. Finally, RWC Asset Management LLP bought a new stake in Macy's during the 1st quarter valued at $80,868,000. 87.36% of the stock is owned by institutional investors.

Macy's Company Profile

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.